Save Article

High-Tech Industries, Led by Internet,
Boost U.S. Growth, Rein In Inflation

By

Bruce Ingersoll Staff Reporter of The Wall Street Journal

Updated April 16, 1998 12:15 a.m. ET

WASHINGTON -- Information technology, led by booming business on the Internet, is spurring economic growth and reining in inflation, the Commerce Department says.

The high-technology industries of computers and telecommunications accounted for more than one-quarter of the U.S. economy's growth in the past five years, according to the federal government's maiden report on the "emerging digital economy."